GACM Technologies Ltd (NSE: GATECH): The promoters of IT services sector company GACM Technologies Ltd has planned to increase their stake in the company by 13%.
The company provided this information in its exchange filing on September 9. The company’s share fell by 4.46 percent on 9 September and the stock closed at Rs 1.50 on BSE.
The market value of the business is 102.09 crore rupees. The 52-week high for the stock is the price of 2.51 rupees while the 52week low is 0.84 rupees.
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Shareholding Pattern Of GACM Technologies
Usually, increasing the stake by promoters in a company is considered positive for it. The promoters and promoter group are going to increase their stake in GACM Technologies Ltd by 13% during this year.
It shows confidence in the future growth of the company. Currently, the promoters’ stake in GACM Technologies Ltd is 8.27 percent.
At the same time, FIIs hold 0.29 percent shares in it. DII holds 0.03 percent and the public holds 91.42 percent.
GACM Technologies Ltd has established itself as a prominent company in the consulting and IT services market.
Headquartered in Hyderabad, the company leverages its expertise in financial technologies and strategic consulting to serve a diverse client base in India and globally.
GACM Technologies Ltd share has seen a gain of 22 % in the last month. It has returned a profit of 14 % over the last six months.
The company’s share has gained 76 percent in the last year. However, the stock has provided the investor with a return of 138 % in the past five years.
Quick Fact
| Company name | GACM Technologies |
|---|---|
| Market sector | IT services |
| Promoters stake | Increase by 13% |
| Announcement date | September 9 |
| stock closed | Rs 1.50 on BSE |
| Headquarters | Hyderabad |
| Market value | ₹102.09 crore |
| Current promoters stake | 8.27% |
| FIIs stake | 0.29% |
| DIIs stake | 0.03% |
| Public stake | 91.42% |
| Monthly gain | 22% |
| 6-month return | 14% |
| 1-year gain | 76% |
| 5-year return | 138% |
| 52-week high | ₹ 2.51 |
| 52-week low | ₹ 0.84 |
| Expertise | Financial technologies, strategic consulting |
| Client base | India and globally |
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